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IDBI Executive Salary | Job Profile, Perks & Benefits: Nowadays, many candidates are showing interest in one of the fastest-growing banks in the world i.e, the Industrial Development Bank of India. To be an employee in IDBI, one needs to sign a contract and join the IDBI. The Industrial Development Bank of India shows paths to many opportunities and a bright future. Candidates who want to pursue as Executives in the IDBI need to know the IDBI Executive Salary. As it is a contract-based job, the employees will be paid in a good amount. On this page, candidates can find IDBI Executive Salary Structure, Job Profile, Contractual Period, and Career Growth. Scroll down to check the information of all the sections in detail.
IDBI Executive Salary
Are you the one who is waiting to start your career in reputed banks like IDBI? then you read this section thoroughly. IDBI Executive Salary is what most of the candidates are attracted to and many are attempting for the exam. Due to the contract, employees are not allowed to have other allowances in their job. The official of IDBI has decided on the fixed salary for executives and paying them according to the years the contract has been signed. The following table will help the candidate to know about the IDBI Executive Salary Structure. The salary will be different for the employees and salary will be given on the basis of the contractual period.
| IDBI Executive Salary Structure | |
| Year | Salary |
| 1st Year of Employment | 29,000/- per month |
| 2nd Year of Employment | 31,000/- per month |
| 3rd Year of Employment | 34,000/- per month |
IDBI Executive Job Profile
All the applied candidates for the IDBI Executive need to check the IDBI Executive Job Profile. To develop the skills we have given you some roles and responsibilities. To know your level, candidates can examine themselves to be perfect for the job. Once the candidates are selected for the job, they may enter into two profiled jobs. Those are:
Customer Service (CSE)
- Need to handle the front desk
- At the end of the day, he/she should deal with some operations like cheque clearance, any change in contact/address details updating, clearing of bank suspense accounts
- Clear all the targets on time
- Also assisting the Assistant Manager
Teller service Executive (TSE)
- His/her responsibilities are the same as Bank Cashier.
- He/She is responsible for maintaining the teller counter
IDBI Executive Contractual Period
Apart from IDBI Executive salary, candidates should have an idea of the IDBI Executive Contractual Period. After you get an awareness of the job profile, candidates can start up their preparation early to crack the IDBI exam. To become an Executive in IDBI, one needs to sign a contract. Firstly, the contract will be for a year, if your performance level is good then your contract will be extended on the year to year basis. Every year there will be an investigation on your performance this means, you hark working and behavior plays a key role. Once you completed 3 years of contract and once again your performance will be considered for your promotion. If they are satisfied with your work then you can promote them to the post of Assistant Manager. Including the performance, there will be an internal exam or any other mode to select in the IDBI Bank.
IDBI Executive Salary – Perks and Benefits
Candidates can check out the IDBI Executive Perks and Benefits in this section. Though there will not be much allowance as it is a contract-based job. Here you go:
| IDBI Executive Perks and Benefits | |
| Dearness Allowance (DA) | Based on the Consumer Price Index (CPI) which is refurbished every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate. |
| Accommodation Allowance | This office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience. |
| Medical Aid | IDBI pays a fixed yearly add-up to meet clinical costs. |
| Travelling Allowances | IDBI provides a fixed traveling allowance. |
| Newspaper Reimbursement | The bank pays a fixed sum towards the expense of one paper consistently. |
IDBI Bank Executive Salary – Additional Benefits
- Convenient working hours
- A good number of leaves
- Individual growth scope
- Good traveling
- A good number of leaves
- Payscale is good
- Security of Job
- Loan facilities are easy, and there is also a low-interest rate
- Reimbursement of medical expenditure
- Satisfaction from Job
- Reimbursement of medical expenditure
- Chances of promotion
- Plans after retirement are good
- A relaxed and strong environment to work
- Additional compensation for procuring, education, and journey.
From the above additional benefits, candidates have a bright future and excel in them. There is no need to worry about the IDBI Executive job. Once you crack the job everything goes on your hard work and performance.
IDBI Executive Career Growth
To increase your level in the IDBI Executive, there are numerous chances to grow, and your salary will also be paid high. Candidates who are confused about their Career Growth in IDBI Executive can refer to this section. Your performance level will be checked annually. Completion of a three-year contract can attempt for the promotion exam. The promotion exam will be based on the internal exam. Check out the roles in your IDBI Executive Career Growth:
- IDBI Assistant Manager (Grade A)
- Manager (Grade B)
- Assistant General Manager (Grade C)
- Deputy General Manager (Grade D)
- General Manager (Grade E)
- Chief General Manager (Grade F)
- Executive Director
Hopefully, we have ordained all the details regarding IDBI Executive Salary, Pay Scale, In Hand Salary, and Job Profile in this article. For further information stay connected to our website @ freshersnow.com
| You Can Also Check | |
| IDBI Bank Executive Reference Books | |
| IDBI Bank Executive Previous Question Papers | IDBI Bank Executive Syllabus |